When all you read is gloom, turn here for a much different perspective.

Wednesday, January 2, 2013

US Stocks Follow the World New Year Rally Thanks to DC

The US stock market rallied on Wednesday - the first day of the trading new year. Gains were broad. Financial shares and tech stocks fared exceptionally well. The US rally followed a broad world stock surge that begin as lawmakers finalized voting late Tuesday evening in Washington DC. Investors were cheering that late year deal which keeps tax cuts in place for most Americans but raises the tax rate on individuals earning more than $400,000 a year and married couples earning over $450,000 a year. Lawmakers in DC also extended federal emergency unemployment insurance benefits for another year as the jobs marketing continues to improve.

1 comment:

  1. Its not a good time to be getting aggressive with stocks. The market has been in rally mode for almost four years. We are due for a bear market or a sharp correction.


We want to hear from you, and you know you want to say something...

FREE Good News delivered to your Email Inbox (With Easy Unsubscribe at Any Time)

Enter your email address:

Delivered by FeedBurner

If you prefer RSS feed subscription...

If you prefer RSS feed subscription...
...Click This Icon For The RSS Feed